American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,996 shares of the company’s stock after selling 1,793 shares during the period. Mutual of America Capital Management LLC’s holdings in American Electric Power were worth $6,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after acquiring an additional 1,095 shares during the period. Cerity Partners LLC increased its holdings in shares of American Electric Power by 4.9% during the 4th quarter. Cerity Partners LLC now owns 95,601 shares of the company’s stock valued at $9,001,000 after acquiring an additional 4,497 shares during the last quarter. Bank of Nova Scotia raised its position in shares of American Electric Power by 16.9% in the fourth quarter. Bank of Nova Scotia now owns 90,529 shares of the company’s stock valued at $8,349,000 after purchasing an additional 13,092 shares during the period. Renaissance Technologies LLC bought a new position in American Electric Power in the 4th quarter worth $25,714,000. Finally, Bessemer Group Inc. lifted its position in shares of American Electric Power by 3.2% during the 4th quarter. Bessemer Group Inc. now owns 37,809 shares of the company’s stock worth $3,488,000 after purchasing an additional 1,155 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

American Electric Power stock opened at $113.73 on Friday. The stock has a market capitalization of $60.82 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 3.01 and a beta of 0.40. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The stock has a fifty day moving average of $105.52 and a 200-day moving average of $104.43.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the business earned $1.25 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.3%. American Electric Power’s dividend payout ratio is currently 54.39%.

Insider Buying and Selling at American Electric Power

In related news, EVP David Matthew Feinberg sold 8,058 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total transaction of $819,820.92. Following the completion of the sale, the executive vice president owned 10,274 shares in the company, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Quinton S. Lies sold 10,141 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $102.68, for a total transaction of $1,041,277.88. Following the completion of the sale, the executive vice president owned 9,658 shares of the company’s stock, valued at approximately $991,683.44. This represents a 51.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,314 shares of company stock worth $3,508,293. 0.07% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AEP. Wells Fargo & Company increased their price target on shares of American Electric Power from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 7th. BMO Capital Markets raised their price target on American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, April 21st. Morgan Stanley lowered their target price on shares of American Electric Power from $114.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, May 22nd. Guggenheim upped their price target on American Electric Power from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, Citigroup raised their price objective on American Electric Power from $102.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.29.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.